Firm’s structured note recommendations violated Reg BI’s compliance obligation September 18, 2024/US SEC The Securities and Exchange Commission today announced charges against registered broker-dealer First Horizon Advisors, Inc. for failing to maintain and enforce policies and procedures reasonably designed to achieve compliance with Regulation Best Interest (Reg BI). The charges […]
Author: InvestAdvocate
Statement on Minimum Price Increments, Access Fee Caps, Round Lots, and Odd-Lots
September 18, 2024/US SEC Today, the Commission will consider updating rules for the $55 trillion equity markets. I am pleased to support these rules because they would enhance competition, efficiency, and fairness, benefitting investors and capital formation alike. In 1975, Congress tasked the Securities and Exchange Commission with responsibility to […]
SEC Charges DeFi Platform Rari Capital and its Founders With Misleading Investors and Acting as Unregistered Brokers
Rari Capital also charged for engaging in unregistered crypto offerings September 18, 2024/US SEC The Securities and Exchange Commission today announced settled charges against Rari Capital, Inc., a supposed decentralized finance (DeFi) protocol, and its co-founders, Jai Bhavnani, Jack Lipstone, and David Lucid, for misleading investors and engaging in unregistered […]
